Connection (CNXN) Misses Q3 EPS by 7c, Revenues Miss

Connection (NASDAQ: CNXN) reported Q3 EPS of $0.51, $0.07 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $658.5 million versus the consensus estimate of $673.14 million.

“We are pleased with our vertical market growth in the quarter, as well as with our strong operating cash flows. In addition, we saw acceleration in our cloud and security software, and in our mobility solutions,” said Tim McGrath, President and Chief Executive Officer. “We remain focused on gross margin improvements, operating expense management, and our strategic plan to help our customers solve their business challenges with advanced technology solutions,” concluded Mr. McGrath.

For earnings history and earnings-related data on Connection (CNXN) click here.

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